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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6968)	10/30/2000 3:59:58 PM
From: Logain Ablar	Respond to of 30051

Zeev: The DOW has been pretty impresive. The financials and cyclicals are first to lead out of a bear. It can be a false rally and the safest strategy is to wait till the second rate cut (historically anyway). AT this level many soxx stocks are values on a straight P/E view (lets not discuss if there is a slow down <gg>). There has been plenty of capitulation in many of the individual stocks. It's been rotating. Many were shaken out over the past 8 weeks. I do know clients that were still buying NT last week though so we have not had a true bottom. This can be an intermediate bottom though. Don Hayes is calling for the NAZ to really tank in the next 8 to 12 weeks. Now Don is pretty good but his timing has been known to be off by a few months <gg>. Just some thoughts. I'm also out in the am. Tim